TRT : Sideways for 18 months, maybe a ramp is due
April 9, 2011 Leave a comment
TRT has a chart worth beholding for its cruelness. If you have been holding for a year or more, do not sell now, as we suspect it will be on the receiving end of a big push, out of the blue. After doing nothing for 18 months, one day – probably soon, we think volume will increase significantly and the stock will get ramped from its current price at 6 to between 6.50-6.60, and that may be just for starters.
There is room for a move well above 7, with a speculative long trade from or just below 6 with a stop at 5.65 or slightly higher.